Wu Blockchain (@WuBlockchain): Michael Saylor: Bitcoin Frees Your Money From Any Single Bank

Michael Saylor: Bitcoin Frees Your Money From Any Single Bank In a May 1 interview with Peter McCormack, Strategy founder Michael Saylor @saylor said the core idea of Bitcoin is to let people who do not trust banks, governments, or even each other build a “viral bank” in cyberspace, maintained collectively by everyone. He argued that Bitcoin is the best technology today for transferring economic energy, because capital cannot rely on any single country or bank over the long term and needs the ability to move quickly. On the Bitcoin network, users can rapidly transfer assets when a crisis comes, instead of being locked into one jurisdiction or institutional system.